$100 million sale of Fairwater, Australia’s most expensive home
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Sep 28, 2018
$100 million sale of Fairwater, Australia’s most expensive home
Point Piper estate Fairwater, has been sold to tech billionaire and co-founder of software company Atlassian, Mike Cannon-Brookes, by Ken Jacobs of Christie’s International Real Estate. Mr Cannon-Brookes will become neighbour of Scott Farquhar, business partner and co-founder of Atlassian, who bought Elaine last year for $71 million.
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Image supplied by Goldeneye MediaTech billionaire and co-founder of software company Atlassian, Mike Cannon-Brookes and his wife Annie bought Fairwater, sold by Ken Jacobs of Christie’s International Real Estate
Tech billionaire and co-founder of software company Atlassian, Mike Cannon-Brookes and his wife Annie bought the house, sold by Ken Jacobs of Christie’s International Real Estate.
The 1.2 hectare estate was only on the market for a couple of weeks.
Ken Jacobs of Christie’s International Real Estate said about Fairwater, “You see the expression on peoples faces and they’re not ready for it, and there's just that wow factor”.
“They have to really think it through and absorb what they are seeing.”
Source: Goldeneye Media
Neighbouring home Elaine set the record last year at $71 million, also sold by Ken Jacobs of Christie’s, and purchased by Scott Farquhar, also co-founder of the software giant Atlassian.
Mike Cannon-Brookes and Scott Farquhar will now become neighbours in the two most prestigious properties in Australia, as well as business partners.
Related reading: 'Elaine' becomes Australia's most expensive home
Mr Jacobs said “Ironically Elaine and Fairwater compliment each other and add value to each other because you’ve got Australia's basically two best properties together, and they are both about to be revived to former glory”.
“It’s an opportunity that we didn't think would come and it may not come for another 100 years or more.
“You can’t get this sort of landholding, it’s just not available. And there's a lot more money than there are properties like Fairwater.”
Related reading: Aveley: grand Hamptons-inspired mansion on approx. two hectare Dural estate
Goldeneye Media produced the video marketing material for Fairwater.
Tracey Atkins, managing director of Goldeneye Media told WILLIAMS MEDIA “The one thing that was really lovely about filming was how grand and historic Fairwater is, it genuinely is the most extraordinary, joyful place to be”.
“There is a real beauty and tranquility to the grounds and house itself," said Ms Atkins.
“There was never a moment we didn't feel that the purchaser wouldn’t be genuinely extremely proud and happy to own that land.”
Related reading:
Australia ranked third in top property sales: Ken Jacobs, Christie’s
Iconic Point Piper Fairfax Estate, "Elaine"
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